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English Release 19-September 2014
Date Month Year
  • President's Secretariat
  • Foreign Minister of Bangladesh calls on President
  • Speech by The President of India, Shri Pranab Mukherjee at the banquet hosted in honour of the President of The People’s Republic of China, H.E. Mr. Xi Jinping
  • Prime Minister's Office
  • PM receives Foreign Minister of Bangladesh
  • Melinda and Bill Gates call on the Prime Minister
  • PM reviews preparations for launch of Mission Swachh Bharat
  • PM condoles the passing away of renowned musician Uppalapu Shrinivas
  • Department of Atomic Energy
  • DAE Clarification on Media Report Citing Cancer Deaths in Atomic Energy Hubs Say’s Report is a Malicious Distortion of Facts
  • Min of Agriculture
  • 120.27 Million Tonnes of Foodgrains Production Estimated
  • All Round Development of the Agro Sector is the Highest Priority of the Government- Radha Mohan Singh
  • Min of Chemicals and Fertilizers
  • Assam Gas Cracker Project
  • Min of Commerce & Industry
  • PM Nominates Adil Zainulbhai as New QCI Chairman
  • Min of Culture
  • Statement of Minister of State (Independent Charge) for Tourism and Culture Shri Shripad Naik at the Press Conference on Initiatives, Achievements and Policies
  • Min of Defence
  • Op Megh Rahat Rescue Operations Completed
  • Min of Earth Science
  • Atlas on Wave Related Information
  • Ministry of Finance
  • Bill & Melinda Gates Foundation (BMGF) Offers Help in Monitoring the Progress Made With Regard to Pradhan Mantri Jan-Dhan Yojana (PMJDY)
  • Min of Health and Family Welfare
  • PRESS NOTE
  • Dr Harsh Vardhan revives National Cancer Awareness Day
  • Min of Home Affairs
  • All Candidates of NDA and NA Examination (II), 2014 Who Have Opted for Srinagar (J&K) as Examination Centre
  • Indian Meteorological Department weather forecast of heavy rain in some states
  • Stakeholder Consultation Workshop on Post-2015 Framework on Disaster Risk Reduction
  • Important Instructions for the Candidates for Appearance in Personality Test Boards of Combined Geo-Scientist and Geologist Examination, 2014
  • Text of the Union Home Minister, Shri Rajnath Singh’s Address at the Sixth Meeting of SAARC Ministers of Interior / Home at Kathmandu on September 19, 20014
  • India Proposed to Establish SAARC Centre for Good Governance
  • Min of Housing and Urban Poverty Alleviation
  • Real Estate Regulation Bill seeks to enhance credibility of the sector, says Shri M.Venkaiah Naidu
  • Min of Information & Broadcasting
  • I&B Minister launches News SMS Service in 5 Indian languages
  • Min of Minority Affairs
  • National Minority Commission Extends Sympathy and Support to J&K Flood Victims
  • Min of Personnel, Public Grievances & Pensions
  • Combined Geo-Scientist and Geologist Examination, 2014
  • Combined Geo-Scientist and Geologist Examination, 2014
  • Gates Foundation announced USD 7 lakh for J&K relief operations
  • Min of Petroleum & Natural Gas
  • Supply of essential Petroleum Products in Jammu & Kashmir augmented;
  • Global crude oil price of Indian Basket was US$ 96.17 per bbl on 18.09.2014
  • Ministry of Railways
  • Railways to Run Premium (Bi-Weekly) Super Fast Special Train Between Ahmedabad & Shri Mata Vaishno Devi Katra
  • Railway Minister Announces Setting up of A State-of-the-Art Training Centre for Railway Protection Force at Maula-Ali, Secundedrabad
  • Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
  • Out of Pocket Allowance for the athletes and coaches enhanced for Asian Games 2014
  • Ministry of Tourism
  • Achievement/ Initiatives of Ministry of Tourism
  • Min of Urban Development
  • Shri M.Venkaiah Naidu and Shri Bill Gates discuss partnership in sanitation project
  • Ministry of Water Resources
  • WAPCOS Presents Dividend Cheque to Uma Bharti
  • Storage Status of 85 Important Reservoirs of the Country as on September 18, 2014
  • Min of Women and Child Development
  • Union Minister of Women & Child Development Meets Melinda & Bill Gates

Previous Date

 
Ministry of Petroleum & Natural Gas16-November, 2012 15:52 IST
Under-Recovery on Diesel Effective 16.11.2012 remains high at Rs 9.06 Per litre
Under-recoveries for November on Domestic LPG Rs 478.50 per Cylinder and on PDS Kerosene Rs 31.30 per Litre
OMCs Incurring Daily Under-Recoveries of Rs 412 Crore
Daily Crude Oil Price for Indian Basket rises to US$ 107.91 per barrel on 15.11.2012

‘20’

 

The Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas have reviewed international prices of crude oil and petroleum products during the Ist Fortnight of November 2012. Accordingly, the under-recovery on High Speed Diesel (HSD) applicable for 2nd fortnight of November effective 16.11.2012 though slightly lower, remains high at Rs 09.06/Litre. In case of PDS Kerosene and Domestic LPG the under-recoveries effective for November 2012 are Rs 31.30/Litre and Rs 478.50/cylinder respectively.

 

           Product-wise Under-recoveries of Public Sector Oil Marketing Companies (OMCs);

Product

Unit

Under-recoveries effective November 16,  2012

(Effective 01.11.2012 to 15.11.2012)

Diesel

Rs/Litre

         9.06           (9.84)             

PDS Kerosene*

Rs/Litre

        31.30          (31.30)   

Domestic LPG*

Rs/Cylinder

     478.50       (478.50)

*Additionally, a subsidy of Rs 0.82/Litre on PDS Kerosene and Rs 22.58/Cylinder on Domestic LPG is provided by the Government. The under-recoveries on these products are computed on monthly basis.

 

 OMCs are currently (effective 16 November 2012) incurring daily under-recovery of about Rs 412 crore on the sale of Diesel, PDS Kerosene and Domestic LPG.

 

Further, the OMC’s have reported the following under-recoveries during April-September 2012: 

Product

Under Recovery (Rs/Crore)

 

2012-13

(April-September  2012)

2011-12

2010-11

Diesel

52,711

81,192

34,706

PDS Kerosene

14,331

27,352

19,484

Domestic LPG

18,544

29,997

21,772

Petrol

--

--

2,227

Total

85,586

138,541

78,190

 

3. Details of average International FOB price and Exchange rates are:

Particulars

Unit

Price on last trading day i.e., 15 November, 2012 (Previous trading day of 14.11.2012)

Fortnight

November)01-15, 2012

(previous fortnight 16 - 31/10/ 2012)

Crude Oil (Indian Basket)

($/bbl)

              107.91        (106.75)

                  106.69   (109.01)        

(Rs /bbl)

            5930.73      (5863.78)

                5797.53 (5834.22)      

Exchange Rate

(Rs/$)

                54.96          (54.93)                 

                    54.34     (53.52)             

 

RCJ/RKS – Under-recovery 16-11-2012      


(Release ID :89072)

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